November 2016

Commercial real estate investment volumes in over half of Europe’s markets have risen this year, with some non core markets seeing stronger growth than the core. However, a lack of stock in Germany and Spain, and the uncertainty caused during the EU referendum in the first and second quarters in the UK, led to a drop in volumes in these markets, says Savills.

International real estate advisor Savills has advised Deka Immobilien GmbH on the signing of a new lease agreement in the Adam Smith building in the Amsterdam Rieker Business Park. The agreement concerns approximately 2,167 sqm and 20 parking places.

International real estate advisor Savills has advised Invesco Real Estate (IRE) on the acquisition of Ronda de Sant Pere 5 in Barcelona for circa EUR 29 million. The vendor was Deka and the property was included in the portfolio of the open-ended real estate fund WestInvest InterSelect. Ronda de Sant Pere 5 is a first-class commercial asset comprising 4,000 sqm: 2,600 sqm dedicated to office space and 1,400 sqm of high street retail units. The building is fully let.

International real estate advisor Savills has identified London as Europe’s top retail location in its latest European Retail Destination Index, which identifies the best opportunities for expanding international brands. According to Savills, London’s success is due to its underlying operational fundamentals related to retail spend and tourist flows. These factors have been further enhanced by London’s ‘opportunity’ potential for new retail entrants and total occupational costs, which are 6.7% cheaper than Paris